Investors, first home buyer or the Renovator look no further currently running as a registered rooming house with a Gross return of approx 14%.
The conversion from a 7 bed room house to a 5 room or less could be easily reversed to make into a family home, or other investment type.
Each room has a robe(s), lockable door. minimum 2 power points, digital aerial point and hardwired smoke detector.
The health permit has just been renewed and will be transfer to the new owner if requested to continue operating in its current form, also all items that are require by the permit will be included. There is room for approx 6 cars to park off the street.
All the hard work in setting up has been completed, a small amount of work to tidy the house up will add instant value and easy maintenance. But of course the choice will be up to you in how you decide to take it on.